Property Listing No Longer Available for Sale

737 N. Wabash Ave., Lakeland, FL

Shopping Center for Sale - $659,000 - 14,040 Sq. Ft. on 1.15 acres


Property Info

CIMLS#124721
Location
  737 N. Wabash Ave.
  Lakeland FL 33815
UpdatedSeptember 20th, 2012
TypeShopping Center
Price$659,000
Building14,040 Sq. Ft.
Land1.15 acres

Property Description

This strip center is located on busy N. Wabash Ave. in NW Lakeland. It is currently 87% occupied and has parking for 37 vehicles.

Please do not approach any of the tenants or their employees.


Financials

Based upon the current net income, this strip center shows a 9.2% cap rate and a 7.2% equity return based upon the following criteria: purchase price of $659,000.00; 15/5 note; 6.25% interest rate on a loan amount of $395,400.00 with a 40% ($263,600.00) down payment.

All figures are based upon information supplied by the owner. It is the responsibility of all prospective buyers to conduct their own due diligence and verification of these statements with their own independent team of consultants.